DCD Media PLC Directorate Change and Dealings (6462H)

TIDMDCD

RNS Number : 6462H

DCD Media PLC

19 August 2016

DCD Media PLC

19 August 2016

DCD Media Plc

("DCD Media", the "Company" or the "Group")

Directorate Change

Director / PDMR Shareholding

Notification of Major Interest in Shares

DCD Media, the independent TV distribution and production company, announces that its major shareholder Timeweave Ltd ("Timeweave") has increased its shareholding in the Company. DCD Media also announces that David Green has resigned as non-executive director of the Company, with immediate effect.

The Board would like to thank David for his guidance and contribution to the Company and wishes him well for the future.

Timeweave has acquired 132,197 ordinary shares of GBP1 each ("Ordinary Shares"), representing 5.20 per cent. of the issued share capital of the Company, belonging to Mr Green, at a price of 90.8p per Ordinary Share. In addition, Timeweave acquired the 503,428 deferred shares of GBP1 each belonging to Mr Green for an aggregate consideration of GBP1. As a result of the transaction, Timeweave's shareholding has increased to 1,694,377 Ordinary Shares, representing approximately 66.67 per cent. of the Company's issued share capital.

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ----------------------------------------------------------------- 
 a)   Name                             David Ian Stewart Green 
---  -------------------------------  -------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------- 
 a)   Position /                       Director 
       status 
---  -------------------------------  -------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  -------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ----------------------------------------------------------------- 
 a)   Name                             DCD Media plc 
---  -------------------------------  -------------------------------- 
 b)   LEI                              N/A 
---  -------------------------------  -------------------------------- 
 4.   Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of 
       transaction; (iii) each date; and (iv) 
       each place where transactions have been 
       conducted 
---  ----------------------------------------------------------------- 
 a)   Description                      Ordinary Shares; and 
       of the financial                 Deferred Shares of GBP1 
       instrument 
                                        GB00BBD7QB75 
       Identification 
       Code 
---  -------------------------------  -------------------------------- 
 b)   Nature of                        Sale of shares from David 
       the transaction                  Green to Timeweave Limited 
---  -------------------------------  -------------------------------- 
 c)   Price(s) and                      Type        Price     Volume 
       volume(s)                        ----------  --------  -------- 
                                         Ordinary    90.8 p    132,197 
                                        ----------  --------  -------- 
                                         Deferred    0.0002p   503,428 
                                        ----------  --------  -------- 
---  -------------------------------  -------------------------------- 
 d)   Aggregated                       See above 
       information 
       Aggregated 
       volume Price 
---  -------------------------------  -------------------------------- 
 e)   Date of the 
       transaction 
---  -------------------------------  -------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  -------------------------------- 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Angelica Tziotis

Investor Relations/ Media Relations

DCD Media plc

Tel: [phone]

[e-mail]

Stuart Andrews/Carl Holmes/Giles Rolls

finnCap

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 19, 2016 03:39 ET (07:39 GMT)